Quote:S&P Global thinks inflation will fall from 8.3% now to 5% by the end of the year, and 2.3% by the middle of next year. For the Fed, that would be mission accomplished, and the central bank would probably stop raising rates somewhere along the way, once inflation is trending down. If there are signs of a recession—such as a rising unemployment rate—the Fed might even start cutting rates again by the end of next year to help prod a recovery.The cure for inflation is on the way
Quote:The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll over. Everything else, Zandi believes, can stay the same. “CPI, the consumer price inflation, will go from something that’s now about a low of over 8% year-over-year to something close to half that of 4%,” the firm’s chief economist told CNBC’s “Fast Money” on Wednesday. The Bureau of Labor Statistics releases its September consumer price index on Thursday. Dow Jones is looking for a 0.3% month-over-month gain, up 8.1% year-over-year.Inflation cut in half: Moody's Mark Zandi sees relief within 6 months
Quote:Several Fed officials felt that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action, according to the minutes of discussions among Fed officials at their policy meeting three weeks ago, echoing recent public statements.Fed minutes: Cost of doing too little outweighs cost of doing too much